Saudi Arabia’s economy minister rejected recent reports that the kingdom’s $1.5 trillion NEOM megaproject, a futuristic…
Continue ReadingTag: Breaking News: Economy
‘We haven’t seen this kind of debt since the Napoleonic Wars’
Borge Brende, president of the World Economic Forum, gave a stark outlook for the global economy…
Continue ReadingU.S., China to hold first AI talks, TikTok stalemate ongoing
U.S. Secretary of State Antony Blinken waves as he prepares to depart Shanghai Hongqiao International Airport…
Continue ReadingKey Fed inflation measure rose 2.8%
Inflation showed little signs of letting up in March, with a key barometer the Federal Reserve…
Continue ReadingTrump advisors are considering plans to dramatically revamp the Fed, WSJ report says
Former US President Donald Trump speaks to members of the media at Manhattan criminal court in…
Continue ReadingSlowing growth plus stubborn inflation add up to a headache for Fed officials
The slowing growth and stubborn inflation picture emerging in the U.S. economy may not be quite…
Continue ReadingEconomy increased at a 1.6% rate
U.S. economic growth was much weaker than expected to start the year and prices rose at…
Continue ReadingHigh company valuations a ‘worry,’ IMF’s capital markets chief says
Financial Counsellor and Director of the Monetary and Capital Markets Department Tobias Adrian hold the press…
Continue ReadingIMF upgrades global growth forecast as economy proves ‘surprisingly resilient’ despite downside risks
Crowds walk below neon signs on Nanjing Road. The street is the main shopping district of…
Continue ReadingU.S. economy will see ‘more things break’ in 2025 if rates stay high: Strategist
U.S. Federal Reserve Chair Jerome Powell holds a press conference following a two-day meeting of the…
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